@Babymonster
I have no idea why stock prices do what they do on a daily basis.
But, in this instance, a likely culprit is the 10-year US Treasury yield, which has shot up to 2.92% overnight, on the back of a higher than expected CPI release, and that seems to be what everyone is watching at the moment.
And, because of that, anything that is perceived as a “bond proxy” is having a hard time.
How relevant US yields are to the valuation of MQA, which is largely a EUR-denominated asset, is highly debatable, as EUR yields have not moved nearly as much and the EURAUD FX rate is actually at 2-year highs.
Which altogether indicates to me that MQA is better value today.
All IMHO & DYOR
Cheers
@Babymonster I have no idea why stock prices do what they do on...
-
- There are more pages in this discussion • 2 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add ALX (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$5.11 |
Change
-0.070(1.35%) |
Mkt cap ! $7.413B | |||
| Open | High | Low | Value | Volume |
| $5.19 | $5.23 | $5.11 | $8.478M | 1.649M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 12547 | $5.11 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $5.12 | 37375 | 2 |
View Market Depth
| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| ALX (ASX) Chart |